CIF.TO vs. ENFR

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global Infrastructure Index ETF (CIF.TO) and Alerian Energy Infrastructure ETF (ENFR).

CIF.TO and ENFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CIF.TO is a passively managed fund by iShares that tracks the performance of the Manulife Investment Management Global Infrastructure Index. It was launched on Aug 27, 2008. ENFR is a passively managed fund by SS&C that tracks the performance of the Alerian Midstream Energy Select Index. It was launched on Nov 1, 2013. Both CIF.TO and ENFR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CIF.TO vs. ENFR - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Infrastructure Index ETF (CIF.TO) and Alerian Energy Infrastructure ETF (ENFR). The values are adjusted to include any dividend payments, if applicable.

CIF.TO vs. ENFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIF.TO iShares Global Infrastructure Index ETF	15.69%	14.45%	25.40%	14.65%	5.90%	17.73%	-0.62%	23.55%	-5.46%	2.34%
ENFR Alerian Energy Infrastructure ETF	22.16%	1.02%	54.38%	13.08%	25.86%	38.71%	-25.43%	15.62%	-11.77%	-6.55%

Different Trading Currencies

CIF.TO is traded in CAD, while ENFR is traded in USD. To make them comparable, the ENFR values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CIF.TO achieves a 15.69% return, which is significantly lower than ENFR's 22.16% return. Over the past 10 years, CIF.TO has underperformed ENFR with an annualized return of 12.53%, while ENFR has yielded a comparatively higher 14.18% annualized return.

CIF.TO

• 1D: 0.53%
• 1M: -1.28%
• YTD: 15.69%
• 6M: 9.81%
• 1Y: 34.68%
• 3Y*: 22.72%
• 5Y*: 17.21%
• 10Y*: 12.53%

ENFR

• 1D: -1.94%
• 1M: 1.60%
• YTD: 22.16%
• 6M: 18.67%
• 1Y: 15.61%
• 3Y*: 29.09%
• 5Y*: 25.69%
• 10Y*: 14.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CIF.TO vs. ENFR - Expense Ratio Comparison

CIF.TO has a 0.72% expense ratio, which is higher than ENFR's 0.35% expense ratio.

CIF.TO

iShares Global Infrastructure Index ETF

ENFR

Alerian Energy Infrastructure ETF

Return for Risk

CIF.TO vs. ENFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CIF.TO

CIF.TO Risk / Return Rank: 89
CIF.TO Sharpe Ratio Rank: 89
CIF.TO Sortino Ratio Rank: 88
CIF.TO Omega Ratio Rank: 90
CIF.TO Calmar Ratio Rank: 90
CIF.TO Martin Ratio Rank: 88

ENFR

ENFR Risk / Return Rank: 52
ENFR Sharpe Ratio Rank: 57
ENFR Sortino Ratio Rank: 50
ENFR Omega Ratio Rank: 55
ENFR Calmar Ratio Rank: 50
ENFR Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CIF.TO vs. ENFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure Index ETF (CIF.TO) and Alerian Energy Infrastructure ETF (ENFR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CIF.TO	ENFR	Difference
Sharpe ratio Return per unit of total volatility	1.99	0.89	+1.10
Sortino ratio Return per unit of downside risk	2.51	1.19	+1.32
Omega ratio Gain probability vs. loss probability	1.39	1.18	+0.21
Calmar ratio Return relative to maximum drawdown	3.21	1.06	+2.16
Martin ratio Return relative to average drawdown	11.50	2.46	+9.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIF.TO vs. ENFR - Sharpe Ratio Comparison

The current CIF.TO Sharpe Ratio is 1.99, which is higher than the ENFR Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of CIF.TO and ENFR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CIF.TO	ENFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	0.89	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	1.55	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.64	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.49	+0.03

Correlation

The correlation between CIF.TO and ENFR is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CIF.TO vs. ENFR - Dividend Comparison

CIF.TO's dividend yield for the trailing twelve months is around 1.91%, less than ENFR's 4.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIF.TO iShares Global Infrastructure Index ETF	1.91%	2.05%	2.84%	2.36%	2.53%	2.24%	2.06%	1.83%	2.45%	2.27%	1.81%	2.41%
ENFR Alerian Energy Infrastructure ETF	4.09%	4.77%	4.41%	5.48%	5.23%	7.86%	7.57%	5.81%	3.98%	2.98%	3.31%	3.34%

Drawdowns

CIF.TO vs. ENFR - Drawdown Comparison

The maximum CIF.TO drawdown since its inception was -42.37%, smaller than the maximum ENFR drawdown of -59.45%. Use the drawdown chart below to compare losses from any high point for CIF.TO and ENFR.

Drawdown Indicators

	CIF.TO	ENFR	Difference
Max Drawdown Largest peak-to-trough decline	-42.37%	-68.28%	+25.91%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	-14.80%	+3.70%
Max Drawdown (5Y) Largest decline over 5 years	-20.40%	-20.29%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	-42.37%	-62.64%	+20.27%
Current Drawdown Current decline from peak	-1.62%	-3.94%	+2.32%
Average Drawdown Average peak-to-trough decline	-5.70%	-16.16%	+10.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	4.48%	-1.38%

Volatility

CIF.TO vs. ENFR - Volatility Comparison

iShares Global Infrastructure Index ETF (CIF.TO) has a higher volatility of 5.99% compared to Alerian Energy Infrastructure ETF (ENFR) at 4.55%. This indicates that CIF.TO's price experiences larger fluctuations and is considered to be riskier than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIF.TO	ENFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	4.55%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	12.06%	10.16%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	17.63%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.33%	16.68%	-2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	22.12%	-5.54%